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Why Stitch Fix Stock Popped Today

TheMotleyFool

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Why Stitch Fix Stock Popped TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Shares of Stitch Fix (NASDAQ: SFIX) jumped today, even though there was no news out on the online styling service. Instead, the stock seemed to go higher because it's seen as a potential AI play due to the data science and algorithms it uses to select clothes for its customers. It was one of several AI stocks gaining today.

As of 12:18 p.m. ET, the stock was up 16.1%.

AI stocks have surged in recent days as investors speculate that technology like OpenAI's ChatGPT could be revolutionary for companies that are best suited to take advantage of it.

Source Fool.com

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